Major stock market indexes in Europe opened lower on Monday ahead of an update on investor confidence in the euro area. Previously, the United Kingdom revealed a slowdown in the growth of house prices. Meanwhile, member of the European Central Bank (ECB) Governing Council Francois Villeroy de Galhau predicted that inflation will keep growing until at least next spring and reach its peak in early 2023.
The DAX traded 0.42% lower at the opening as Adidas AG fell by 2.63%. The FTSE 100 declined by 0.35%, with Kingfisher PLC lost 3.27%. The CAC 40 decreased by 0.57% as Thales Group dipped by 2.75%.
The euro went down by 0.33% against the dollar at 8:58 am CET, changing hands for $0.99258. At the same time, the pound sterling dropped by 0.63% against the greenback to sell for $1.13036.
